World Bank Origins by Gideon Fairchild

World Bank Origins explores how the World Bank transformed from a post-World War II European reconstruction entity into a leading financier for development in the Global South. This evolution was significantly influenced by Cold War politics and the rise of development economics. The book reveals that while the Bank ostensibly aimed for economic advancement, its strategies were often shaped by the political and economic interests of major shareholders, particularly the United States.

The book begins by outlining the theoretical foundations of the World Bank and then progresses chronologically, examining its initial European projects before expanding into Latin America, Asia, and Africa. A key focus is on the Cold War era, analyzing how the Bank became a tool for Western influence. This historical journey provides critical insight into current debates surrounding globalization, international aid, and the role of multilateral institutions.

By drawing on archival research, government documents, and personal papers, the book offers a nuanced understanding of the Bank's history, challenging conventional narratives and highlighting the complex interplay of economic theory, political interests, and institutional dynamics. It caters to anyone interested in international affairs and economic history, providing a historical backdrop to understanding current debates about the World Bank and global development.